News

Student loan borrowers stage ‘massive student debt strike’

Student loan payments are due, but tens of millions of borrowers are refusing to pay
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Corporate debt collapse fears may come true this time

This spells real trouble for corporate debt investors—that is, virtually everyone with a brokerage account or 401(k)
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Banks pull the plug on risky loans for struggling borrowers

Low-income households are finding it harder to get the financing they need as banks tighten lending requirements
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Why the death of remote work isn’t making suburbs cheap again

Work-from-home made living in the suburbs a lot more expensive, and that’s unlikely to change even as more people return to the office
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Auto insurance costs have soared 50% over 3 years

Very few categories of inflation have been worse than auto insurance rates
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'Soft landing' means top 1% gets record stock prices while you get stuck with inflation, analyst says

The top 1% own 54% of stocks; they’re getting richer while most Americans struggle with the inflation hangover
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Millennials own less than half the real estate wealth of boomers—can they catch up?

The ripple effects of the Fed’s policy that locked Millennials and Gen Z out of the housing market
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Real-time student debt tracker


Auto loans could pose a bigger threat to young Americans than student loans

For the first time, the outstanding volume of auto loan debt just surpassed student loan debt
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Bank of America customer? Your credit card details might have been leaked

Cybercriminals can use this information to open unauthorized credit accounts, make illegal purchases, and even obtain loans.
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U.S. workers are still landing remote jobs using a clever trick

American employers are implementing return-to-office policies, but workers can get around them by landing remote jobs overseas
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New homeowners are bleeding money on their homes

From Manhattan to Memphis, recent homeowners are losing hundreds of dollars a day as higher rates sting
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“Rate cuts are already being felt” as mortgage demand rises from the ashes, but there’s a catch

The Fed’s first rate cut in nine months sent mortgage demand and refinancing soaring, but affordability remains pressured by high prices and limited supply
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America’s largest retailer sounds alarm on consumer spending

Walmart, America’s largest retailer by total sales, expressed a somber concern in its third-quarter earnings report: Consumer spending is weakening....
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“I have not seen a meeting with so much contradictions” — Fed’s rate cut sparks confusion and political tension

The Fed’s first rate cut in nine months comes amid mixed signals: job losses, sticky inflation, record stocks, and rising political pressure
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A record percentage of Americans believe now is a bad time to buy a home

Plunging mortgage rates haven’t been enough to fix Americans’ perceptions about the housing market
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The remote work bubble has popped

The flexibility of remote work is slipping away for many Americans, but the fight is far from over
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Millennials may be the real winners of baby boomers’ pandemic wealth accumulation

Millennials are at the bottom of the real estate totem pole, but that could change soon as boomers are expected to pass down trillions of dollars over the next decade
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Can Americans withstand the 'quadruple shock' in store for this fall?

Autumn is the season of change, and big changes could be in store for Americans in the coming months—none of them particularly appealing.
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Boomers are racking up student debt at a pace never seen in decades

Baby boomers hold some of the highest student loan balances in the country—but it’s not what it appears
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